Update from Ledger Donjon on the CryptoBilis investigation 🔽
@DonjonLedger is investigating Ledger signers sold by CryptoBilis, a reseller in Southeast Asia, that contained an unauthorized hardware implant. Ledger confirmed this on October 10th for one affected user's signer. All confirmed fund losses tied to the incident disclosed on October 9th involve signers sold through CryptoBilis. We have not verified a drain linked to a signer bought elsewhere. CryptoBilis has confirmed it stopped selling Ledger signers while the investigation continues.
Based on the Donjon's analysis of the attack, the implant sits inside the enclosure and reads the data shown on the screen. During setup, the signer displays the 24-word recovery phrase. When the implant detects these screens, its microcontroller decodes the words and transmits them over LTE using a provisioned eSIM. The implant is a separate component. It does not modify the Secure Element or the Ledger operating system, and it does not alter transactions or signatures.
The Donjon will analyze the signers it receives and will share more as the investigation continues.
We have not confirmed the total number of affected users or the total value lost. Figures circulating online come from third parties and Ledger has not fully verified them. If your funds were drained and you have not contacted us, please do so through Ledger Support so we can include your case. We are also reviewing reports of implants in other signers and locations. We will continue to share information as the investigation progresses. Rest assured the Ledger team is going above and beyond to leave no stone unturned to investigate this situation to the strongest possible outcome.
If you bought a Ledger signer from CryptoBilis and have not set it up, do not set it up and contact Ledger Support. If you have set it up, transfer your assets promptly to a new signer with a new recovery phrase. Do not enter or restore any recovery phrase on a signer bought from CryptoBilis. Never enter your recovery phrase into a website, app or form.
If you lost funds or hold a tampered signer, contact Ledger Support at support.ledger.com and file a report with local law enforcement. Do not send the signer to anyone before speaking with Ledger Support or local law enforcement. If you lost funds, coordinate with law enforcement before opening the signer. Researchers and others with relevant information can write to [email protected].
If you did not buy from CryptoBilis and want to inspect the inside of your signer, the guide is at support.ledger.com/article/4…. Use caution and make sure your recovery phrase is backed up first, because opening a signer can damage it.
Ledger will never call you, message you directly, or ask for your 24-word recovery phrase. We will update this post when we verify new information.
how to not get your crypto hacked.
bookmark this forever:
1. hardware
- buy direct from the company or an authorized retailer. never random resellers
- seed card already filled in when you received = scam. throw it
- ship it to a pickup point, not your home
- update firmware only through the official app
2. seed
- metal over paper. never a photo, cloud or notes app
- never enter your seed into a website or software wallet. restore only through your hardware wallet's official recovery
- don't split your seed manually. no redundancy and it leaks information. use shamir or multisig instead
- test your backup before funding: built-in check or wipe and restore. untested backup = no backup
- two copies, two locations. fire is a hacker too if seed burns
3. setup
- vault: a hardware wallet that never touches dapps
- hot wallet for daily use. burner for anything new
- bigger bags: passphrase on top. small decoy bag on the seed, real bag behind the passphrase
- back up the passphrase too, stored apart from the seed. lose it and nothing recovers your coins
- multisig when the amount justifies it. no single point of failure
4. signing (where most people get drained)
- verify on the device, never trust the website alone. bybit lost $1.5B to a compromised UI
- can't read it? don't sign it
- "free" signatures can drain you with zero gas (permits)
- one malicious eip-7702 authorization can delegate control of your entire account
- on solana, one bad tx can reassign your token accounts. simulate before you sign
- review approvals monthly. revoke what you don't need
5. sending
- never copy addresses from tx history. scammers plant lookalikes
- check the full address on the device, not just the first and last 4
- small test tx before every big one
6. machine
- a laptop that only touches crypto. clean browser, no random extensions
- download wallets only from the official site. app stores and search results are full of fakes
- never run "meeting apps", game builds or files strangers send
- never share your screen or install remote access. "support" asking for anydesk = scam
- bookmark every site. never click search ads
- surprise airdrops and NFTs = trap
7. exchanges
- unique password everywhere. 1password or bitwarden
- 2FA with an authenticator app or passkey. never SMS
- 2FA backup codes offline. not in email, not in cloud
- lock your SIM with a carrier PIN. sim swaps still work
- separate email only for crypto. nobody knows it
- turn on withdrawal whitelists
- not your keys, not your coins. move out what you're not trading
8. opsec
- don't flex your bags or your setup. wrench attacks are rising
- support never DMs first.
- avoid phishing emails, only trust official sources
- have an inheritance plan. dead keys are lost coins
9. quantum (check my other quantum tweet for detailed advice)
- not a threat today and anyone selling quantum panic is selling something
- btc: never reuse addresses. sending from one exposes its public key forever
- btc: park long-term coins in addresses that have never sent a tx. taproot (bc1p) and old p2pk show the key from day one
- btc: bip-360 proposes a step toward quantum-resistant addresses. not live. proposals also exist to freeze unmigrated coins
- eth + erc20: sending a tx exposes your public key. signing messages can expose it too so keep major bag on clean wallet
- sol: your address is your public key. exposed from day one. experimental winternitz vaults exist, not standard wallet protection
hardware rarely gets hacked. people do.
Alexandr Wang 在谈到“如何拉开与 99% 人的差距”时,给出了极其朴素甚至残酷的答案:
顶层竞争根本不拼智商,拼的是极端执行力的非对称倾斜。
他的三条核心准则:
1. 绝对聚焦,压榨认知带宽: 绝大多数人的忙碌只是“低密度伪勤奋”。真正的专注是把全部精力砸在唯一的核心支点上,拒绝任何无关干扰。
2. 把“过度交付”做成护城河: 行业标准要求走 1 英里,你就走完 10 英里。当所有人都按合同完成 100% 时,常态化交付 200% 的人会直接卷走全部声誉与溢价。
3. 带靶向的超额输出,拒绝无目的内耗: 努力不是盲目自我感动,而是针对具体目标的持续过载测试。把每一次交付都当成生死决战来打。
商业世界最公平的一点在于:
聪明人到处都是,但能忍受极度枯燥并长期超额交付的人凤毛麟角。
执行力溢出,就是最暴力的护城河。
Andrew B. | A Cryptonaut retweeted
Today I call upon the blockchain industry to calmly begin planning for "bunker mode". My personal recommendation is to set in motion a controlled mass migration of assets to fresh addresses, i.e. addresses whose pubkeys remain hidden behind a hash.
Holders, starting with large and sophisticated ones, should consider moving the bulk of their funds to addresses that have never signed a transaction. And when they do sign one, they should also move remaining funds to a new address (possibly generated from the same seed phrase).
Don't rush. While I believe there is cause for action a rushed migration would do more harm than good. Don't panic either. Moving assets to protected addresses is a simple, preventative step which does not require new cryptography or new wallets.
IMO it is now reasonable to brace for the possibility that ECDSA breaks before qday, in the worst case in months not years. By "break" I mean fast private key recovery (e.g. in one week) on available hardware (e.g. a large GPU cluster).
Recent days have been humbling for human mathematical intuition. Long-held, unquestioned hypotheses have fallen. This includes the n log(n) bound for integer multiplication and the 3SUM conjecture. In hindsight, May's unexpected disproof of the Erdős unit distance conjecture was our warning shot.
Yesterday's OpenAI drop made it clear that mathematical superintelligence is upon us. They say there are weeks where decades happen. We are about to live through weeks where centuries of mathematical progress happen. Could our magic 64-byte ECDSA signatures be too good to be true? Was it just security through obscurity all this time?
Elliptic curves feel especially vulnerable to superintelligence. Curves carry rich structure, with room for fancy tricks like Schoof, Frobenius, pairings. (By contrast, hashes are designed to minimise algebraic structure.)
Separately, as Ewin Tang can attest, an efficient quantum algorithm sometimes foreshadows an efficient classical one. We should be open to the possibility of a classical counterpart to Shor that breaks elliptic curves and RSA at once.
Also noteworthy is the striking under-representation of cryptographic breakthroughs among the 722 mathematical results OpenAI published. I've witnessed first-hand the US government censoring academic quantum cryptanalysis results. Backroom interventionism is my base case.
I urge large, sophisticated actors to lead by example. Project11's "risq list" (bitcoin-risq-list.projecteleven[.]com) is a great tracker of exposed BTC pubkeys. Binance, Bitbank, Robinhood, Bitfinex, and Tether have an opportunity to harden their cold storage. Next month I'll address institutions in London in a live Q&A (forum.ethereuminstitutional[.]org/london-2026).
Again, please do not rush. Wallets holding under 50 BTC enjoy partial cover from "Satoshi's shield", i.e. his 20K exposed addresses that hold 50 BTC each. Load-bearing signers like oracles and L2 security councils should consider rotating ECDSA pubkeys with every signed message and/or multi-signing with a hash-based schemes like SPHINCS.
Exiting bunker mode safely will require post-AI cryptography. My inclination is to go all-in on hash-based cryptography and avoid structured mathematical assumptions entirely, whether from curves, lattices, or isogenies. A single battle-tested hash (e.g. from the SHA or BLAKE families) yields plausible post-AI security.
The Ethereum roadmap on strawmap[.]org fully embraces hash-based cryptography with end-to-end formal verification as a response to the quantum threat. Those timelines must now be revisited and accelerated in light of mathematical superintelligence. I'll be pushing for maximum defensive acceleration.
Andrew B. | A Cryptonaut retweeted
I don't recommend anyone scramble to move their funds to new wallets today. But we should take the risks to cryptography from AI-accelerated math seriously, and minimize our exposure to not just quantum-vulnerable cryptography, but also potentially AI-vulnerable cryptography.
The core new area of risk from this viewpoint is, unfortunately, ML-DSA / FHE / lattices.
(and it's also another reason, along with quantum, why ECDSA might fall even faster than expected, hence the "fresh address" recommendation)
So far most people have been in the mode of thinking "elliptic curves broken, hashes safe, lattices safe". But there is a good chance that the concrete security of lattices will take serious hits from the next two years of AI math.
The basic threat model is: factoring is something that naively takes 2^(n/2) time, but over decades smart people have found and optimized number field sieves, and degraded that to 2^O(n^(1/3)), which is why RSA keys and signatures need to be ~400 bytes (and not 64 bytes). What if there are skeletons in the closet like that, both for elliptic curves and lattices, that we are simply not smart enough to discover - but bots soon will be?
This is a major part of the reason why for the past year ethereum's lean roadmap has been going in the "hash-only" direction: no lattices, no ML-DSA, no Falcon, no lattice-based commitments inside ZK proofs, etc. Signatures in lean ethereum are all hash-based, either WOTS or SPHINCS-.
For signatures and proofs, we already know how to go hash-only. The bigger challenge is for *public-key encryption* - and this goes far beyond blockchains. Secure communication, anonymizing protocols, lots of things need public-key encryption.
And unfortunately there are long-standing mathematical theorems showing why public-key encryption cannot be done with hashes alone. You have to have some kind of trapdoor object that has at least one form of usable "structure" - either group theory (incl. isogenies) or lattices or code-based or potentially in the future even more newfangled and spooky things (local mixing?). But for anything that has structure, you should assume that AI will make at least some progress in breaking that structure. Here, one reasonable inference is that if you want to make something plausibly long-term secure, multiply the key sizes by 10.
To me that's a very plausible world and something not at all extreme to predict. If AI will bring us 50 years of math in 2 years, then that 50 years of math may very plausibly include a "naive factoring -> GNFS" level of improvement to our ability to break lattices. In that world, lattices will still exist, but they will have to be significantly bigger to guarantee the same level of safety.
And at those new larger sizes, hash-based constructions will beat lattice-based constructions on concrete efficiency in every use case where hash-based constructions are possible at all.
Theoretically, of course it's possible that hashes are broken too (eg. P = NP would imply that). But I think P = NP is very unlikely. And intuitively, it's much more likely that a mathematical object has exactly no exploitable structure (like hashes are intended to), than that a mathematical object has exactly ~3 forms of exploitable structure (for elliptic curves: associativity, Schoof, pairings) and not some secret fourth form of structure we have not yet discovered that greatly degrades its security (for elliptic curves, ECDLP and pairing security). Similar for LWE, SVP, RLWE and the zoo of lattice problems.
For this reason, we do not yet see any reason to worry and start padding the byte size of hashes (if we start to worry more, we would pad the round count first before doing anything to the byte size).
Concrete TLDR, my own personal views:
* Hash-based > lattice-based, in those situations where hash-based is possible at all
* For anything lattice-based, be much more paranoid on param sizes. Remember that blockchains are only a small portion of the cryptography story; this point goes far beyond blockchains and applies to eg. access to websites, secure messaging, Tor / VPNs ...
* For privacy protocols, strongly favor NOT putting encrypted notes onchain. Instead, send them offchain through some third-party mechanism.
* If it's not difficult for you, keeping your funds in addresses which have not yet been used to make a transaction is a good idea. If it's easy for you, do it. **But be careful about migrations; I personally have lost more money in botched migrations than I have lost in all hacks combined**.
* For multisig wallets, doing confirmations offchain is better than onchain, because this way the signatures of signer wallets do not get exposed to the public, so if ECDSA falls to AI much faster than expected, at least the multisig "gracefully degrades" to a 1-of-1 where the 1 is whoever was gathering the signatures - a much better place to be than "anyone can take the money"
firefly.social/post/x/210783…
Andrew B. | A Cryptonaut retweeted
The biggest AI winner is not $NVDA.
Since AI took off, a few stocks have actually beaten Nvidia.
Here are 10 AI stocks ranked by $100 returns.
Save this AI trade list🔖
Andrew B. | A Cryptonaut retweeted
J777Crypto's 3 Tips for Trading the Current Market
J7 is a high-volume trader and narrative-driven individual, best known for spotting plays while they're still quiet what some might call "front-running" the narrative. His favorite quote is:
'In before the crowd not when it's crowded'
He's also known for having a strong eye for small-cap projects with massive potential and upside. When he believes in something, he'll stay committed until the thesis plays out. If the thesis becomes invalidated, however, he has no problem cutting the trade and moving on.
Some of his most notable early calls this season include:
AI: $3M → $380M
DELTA: $50K → $50M
Hoodrat: $100K → $20M
Stonkex: $100K → $30M
Stonk: $3M → $330M
PARE: $500K → $30M
He's currently ranked #2 on the PumpFun app for 1-month PnL.
Here are his three tips for navigating the current market:
1. Get in before the crowd, not when it gets crowded
Always look for what could become the next big thing something people are likely to adopt or pay attention to, and position yourself before the crowd arrives.
Once a narrative is already widely known and everyone is talking about it, much of the easy upside may already be gone.
When you have something good on your hands, make sure you follow your trade plan and take profits according to that plan. Don't become overly bullish on everything simply because a trade is working. Stay objective, manage your risk, and make sure the thesis still makes sense.
2. Trust your own thesis and never borrow conviction
There's a clear difference between identifying something promising and believing in your thesis versus becoming delusional and refusing to accept when you're wrong.
Being early can be incredibly rewarding, but it can also expose you to significant volatility and multiple drawdowns before the market recognizes what you see. As the saying goes, "It pays to be early at times."
The key is knowing the difference between being early and being wrong.
Identify the right opportunities, trust your own research and instincts, and most importantly, stick to your trade plan and conviction, while remaining willing to change your mind when the facts change.
3. Never be afraid to take the loss and move on, leave the casino with your chips
How many times have we been so convicted in a trade that we become delusional, even when everything is going against us and the volume simply isn't there?
Don't force a trade just because you were initially convinced it would work.
Always be willing to take the L and follow the setup you started with. I know it can be painful to cut a position only to watch it giga-send afterward, but you have to remember that there are only so many chips you bring into the casino.
The goal is to leave the casino with your chips.
"Nothing is profit until it's realized."
You will never catch every mooner, and that's okay. We're all human, and nobody gets every trade right.
Manage your risk, protect your capital, trust your process, and keep moving.
"Good luck out there, gamers."
- @J777Crypto
BTC was $1 in 2011. Wish I bought then.
BTC was $4 in 2012. Wish I bought then.
BTC was $320 in 2014. Wish I bought then.
BTC was $200 in 2015. Wish I bought then.
BTC was $3,200 in 2018. Wish I bought then.
BTC was $4,000 in 2020. Wish I bought then.
BTC was $16,500 in 2022. Wish I bought then.
Andrew B. | A Cryptonaut retweeted
$uOS twitter is temporarily compromised. Please do not interact with it.
Andrew B. | A Cryptonaut retweeted
As I promised:
I'm giving away 50 $ZEC (~$35,000) - I'll select 300 individuals
To take part:
Like & retweet this post
Only followers will qualify
I'll select the winners within the next 24 hours
Andrew B. | A Cryptonaut retweeted
When bitcoin hits $170,000 I will send one lucky person 1 full ZEC
Rules
1. Follow @thortorrens
2. Repost this
3. Download @zashi_app and screen shot your shielded address in the replies below 👇🏼
@grok pick one lucky winner when bitcoin hits $170,000
Andrew B. | A Cryptonaut retweeted
BITCOIN SMASHED THROUGH $120,000! 🚀
AS PROMISED, I’M GIVING AWAY $1,000 TO ONE LUCKY FOLLOWER.
SIMPLY LIKE, RT, AND FOLLOW ME TO ENTER!
Andrew B. | A Cryptonaut retweeted
Free MOTOKO Ghost giveaway alert! 🚨👻
🔥Wanna score a free MOTOKO NFT? Here's how:
1⃣Change your X profile pic (PFP) to any MOTOKO NFT.
2⃣Hold that PFP until 17th Jan, 12:00 PM UTC
3⃣Retweet this.
That's all you gotta do! We'll pick one lucky user on January 17th, 12:00 PM UTC.
Get in on this! 🎉🔄 #MOTOKOGiveaway #NFTDrop 🪂💥
Andrew B. | A Cryptonaut retweeted
Christmas giveaway - This is @BenjiBananas from @animocabrands. I picked THIS Web3 Game because it's:
1. Casual & Easy
2. Mobile
3. FREE to play
4. Available: iPhone & Android NOW.
Step 1: Download the game - benjibananas.com/
Step 2: Repost
Step 3: Details tomorrow




























